Koppers Holdings Inc. (KOP) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA boosted its position in Koppers Holdings Inc. (NYSE:KOP) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,027 shares of the company’s stock after buying an additional 4,682 shares during the period. Federated Investors Inc. PA owned approximately 0.09% of Koppers Holdings worth $726,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in Koppers Holdings during the third quarter worth approximately $392,000. Municipal Employees Retirement System of Michigan increased its stake in Koppers Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,570 shares of the company’s stock worth $147,000 after buying an additional 70 shares during the last quarter. BlackRock Fund Advisors increased its stake in Koppers Holdings by 8.4% in the third quarter. BlackRock Fund Advisors now owns 1,496,457 shares of the company’s stock worth $48,156,000 after buying an additional 116,408 shares during the last quarter. BlackRock Advisors LLC increased its stake in Koppers Holdings by 2.7% in the third quarter. BlackRock Advisors LLC now owns 45,539 shares of the company’s stock worth $1,465,000 after buying an additional 1,205 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Koppers Holdings by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 184,711 shares of the company’s stock worth $5,943,000 after buying an additional 11,463 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.
Shares of Koppers Holdings Inc. (NYSE:KOP) opened at 42.70 on Tuesday. The firm has a market capitalization of $882.35 million, a P/E ratio of 30.76 and a beta of 0.92. Koppers Holdings Inc. has a one year low of $20.96 and a one year high of $45.85. The company has a 50-day moving average price of $42.60 and a 200 day moving average price of $37.81.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. The business earned $313.20 million during the quarter, compared to the consensus estimate of $302.75 million. Koppers Holdings had a positive return on equity of 1,225.00% and a negative net margin of 4.42%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Analysts expect that Koppers Holdings Inc. will post $2.82 earnings per share for the current fiscal year.
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A number of research firms have recently commented on KOP. Barrington Research upped their price objective on Koppers Holdings from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 28th. Zacks Investment Research downgraded Koppers Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, January 4th. Wunderlich downgraded Koppers Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Finally, TheStreet upgraded Koppers Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.20.
In other news, Director David M. Hillenbrand sold 6,500 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $44.12, for a total transaction of $286,780.00. Following the completion of the transaction, the director now directly owns 13,992 shares in the company, valued at $617,327.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas D. Loadman sold 3,381 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $44.85, for a total value of $151,637.85. Following the transaction, the senior vice president now owns 39,438 shares of the company’s stock, valued at $1,768,794.30. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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